Mather Group LLC. Acquires 5,657 Shares of United Parcel Service, Inc. $UPS

Mather Group LLC. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,208 shares of the transportation company’s stock after buying an additional 5,657 shares during the period. Mather Group LLC.’s holdings in United Parcel Service were worth $2,941,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Evelyn Partners Investment Management Europe Ltd raised its stake in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the 2nd quarter worth about $26,000. Salzhauer Michael acquired a new position in shares of United Parcel Service during the third quarter valued at about $31,000. Flaharty Asset Management LLC bought a new position in United Parcel Service during the first quarter valued at about $33,000. Finally, RMG Wealth Management LLC acquired a new position in United Parcel Service in the 2nd quarter valued at approximately $34,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 0.4%

UPS opened at $99.23 on Friday. The firm has a market cap of $84.19 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 2.36 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50-day simple moving average is $96.52 and its 200-day simple moving average is $92.87. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. United Parcel Service’s dividend payout ratio is 101.39%.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Susquehanna lifted their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Citigroup increased their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.09.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.